So-called "Job Creator" Mitt Romney DID have a track record with Bain Capital BEFORE he took his "leave of absence" to go rescue the Olympics.
Here's a quick summary of that economy-tweaking track record that CEO Mitt has on his Resume -- usually somewhere Overseas. Time and time again.
All by the way, put into motion by that pre-1999 CEO prior to that magic cut-off date, that is currently defining the bounds of Bain inquiry.
by Tom Hamburger, washingtonpost.com -- June 21, 2012
Romney campaign officials repeatedly declined requests to comment on Bain’s record of investing in outsourcing firms during the Romney era. Campaign officials have said it is unfair to criticize Romney for investments made by Bain after he left the firm but did not address those made on his watch. [...]
Until Romney left Bain Capital in 1999, he ran it with a proprietor’s zeal and attention to detail, earning a reputation for smart, hands-on management.
Bain’s foray into outsourcing began in 1993 when the private equity firm took a stake in Corporate Software Inc., or CSI, after helping to finance a $93 million buyout of the firm. CSI, which catered to technology companies like Microsoft, provided a range of services including outsourcing of customer support. Initially, CSI employed U.S. workers to provide these services but by the mid-1990s was setting up call centers outside the country.
Two years after Bain invested in the firm, CSI merged with another enterprise to form a new company called Stream International Inc. Stream immediately became active in the growing field of overseas calls centers. [...]
The corporate merger that created Stream also gave birth to another, related business known as Modus Media Inc., which specialized in helping companies outsource their manufacturing. Modus Media was a subsidiary of Stream that became an independent company in early 1998. Bain was the largest shareholder, SEC filings show.
[...] Modus Media told the SEC it was performing outsource packaging and hardware assembly for IBM, Sun Microsystems, Hewlett-Packard Co. and Dell Computer Corp. The filing disclosed that Modus had operations on four continents, including Asian facilities in Singapore, Taiwan, China and South Korea, and European facilities in Ireland and France, and a center in Australia.
Yep, Mitt knows "where those American Jobs GO" all-right ...
Mitt's got plenty of practice at building up economies -- in other Countries!
Here's one more awesome bowling ball strike that Mitt managed to get onto his Mega-millions game card -- just under that imaginary "cut-off" wire.
Another Bain investment was electronics manufacturer SMTC Corp. In June 1998, during Romney’s last year at Bain, his private equity firm acquired a Colorado manufacturer that specialized in the assembly of printed circuit boards. [...] Within a year of Bain taking over, SMTC told the SEC it was expanding production in Ireland and Mexico.
Say Buh-Bye to even more American career opportunities, if Romney Economics ever somehow manages to set our National Agenda, somehow after that new "in-bounds" wire starts -- in 2013 -- those ongoing Romney "gutter balls" notwithstanding.
Thankfully the opposition, is not one to miss an opportunity to talk about Romney's extensive track record themselves ...
Obama For America TV Ad: "Come And Go"
link to video
Transcript of Ad:
Running for Governor, Mitt Romney campaigned as a job creator. "I know how jobs are created."
But as a corporate raider he shipped jobs to China and Mexico.
As Governor, he did the same thing. Outsourcing state jobs to India. Now, he's making the exact same pitch. "I know why jobs come and why they go."
Outsourcing jobs. Romney economics: It didn't work then and it won't work now.
Here's the real problem for Mitt: when you're really good at just a few ruthless economic skills, and if those skills don't really benefit the American People -- it really doesn't matter much exactly WHEN you acquired them!
Now does it? 1999 is not magically written in stone, is it Mitt? (as those SEC filings now show.)